July 28, 2008
Elysium Internet, Inc. Completes Name and Ticker Change
Elysium Internet, Inc. (OTCBB: EYSM), a next generation Internet advertising and new media Company, announced that effective today it will begin trading under the ticker symbol "EYSM."
Elysium Internet Founder and CEO Scott Gallagher commented, "We're excited to have completed the lengthy process of changing our name and ticker symbol. We look forward to becoming a profitable public Company and creating increased shareholder value by leveraging our premium Internet domain portfolio which includes: www.Pediatricians.com, www.Therapists.net, www.Auditors.com, Podiatrists.com, Psychiatrists.com and many others." Gallagher continued, "With old media yellow page publishers in a seemingly permanent state of decline, new media Internet directory Companies like ours, that deliver affordable, measurable results to small and medium sized businesses online should thrive for years to come."
In its quarterly wrap-up report, IDC research stated that total U.S. Internet ad spending in the fourth quarter of 2007 (4Q07) grew by nearly 28% over the same quarter in 2006 to $7.3 billion. For the full year 2007, online ad revenue grew 27% year over year to $25.5 billion.
About Elysium Internet, Inc.
Elysium Internet, Inc.'s (OTCBB: EYSM) domain assets include: www.Therapists.net, www.Auditors.com, www.Pediatricians.com, Psychiatrists.com, Podiatrists.com and many others. The Company has developed a proprietary direct navigation directory platform and local search platform. For additional information go to www.ElysiumInternet.com. Review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov.
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K and 10-K/A as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Investors Contact: OTC GLOBAL PARTNERS, LLC Attention: Ray Dias (O) 561-962-4150 (F) 561-962-4255 Email Contactwww.otcglobalpartnersllc.com Company Contact: Scott Gallagher 727-417-7807 Email Contact
SOURCE: Elysium Internet, Inc.